SCSH 2017 In Review / 2018 Prospectus

    All the happenings that 2017 brought us both nationally and abroad were a bit overwhelming at times. Trying to keep up with the daily news (or fake news, depending on your political leaning) cycles covering tweets, nukes and hermit kingdoms was nearly impossible. No doubt this is an incredibly important time for our economy and our nation, but the year left me feeling a bit battered and off balance like I just disembarked from a rough week at sea.

    One tEconomic Outlookhing that is hard to debate is the health of the US economy according to key economic indicators. According to the average estimate of 52 economists surveyed by Wolters Kluwer Blue Chip Economic Indicators in early December, GDP growth is to remain between 2-3% in 2018, while consumer spending and industrial production are to increase 2.5%. Growth in business investments is also to increase by 4.5%. All the while unemployment is projected to inch down from 4.1%, and the Dow is above 26,000 today (1/17/18). All indicators seem to point to a healthy and robust economy in 2018.

     

    Has the momentum of the economy translated to a positive outlook on home prices in Sun City Shadow Hills? The number of units sold in Sun City Shadow Hills increased 13% to 265 units in 2017, while median home prices increased approx. 3% to $320,000 respectively. Days on the market decreased about two weeks to 100 days. If the inventory stays consistently low as it has the last several months (currently 79, as of 1/17/18) we can expect significant increase in home prices in 2018.

    SCSH Days on Market

    SCSH Change in Median Sale Price

     

    The table below shows all homes sold in 2017 with a complete breakdown by model. The Jelmberg Team would like to note that picking a price from this data alone may cause issue with the sale or purchase of a home and cautions clients to get a full Comparative Market Analysis (CMA) done by a real estate professional prior to settling on a price point for a home.

     

     

    Golf Course Green Belt Privacy Total
    Row Labels # of Homes Avg. Sale Price Units w/ Pool Avg. Sale Price w/ Pool # of Homes Avg. Sale Price Units w/ Pool Avg. Sale Price w/ Pool # of Homes Avg. Sale Price Units w/ Pool Avg. Sale Price w/ Pool
    Avalino 7 $366,102 1 $435,000 15 $313,967 3 $365,667 26
    Californian 1 $535,000 1 $425,000 2 $520,000 4
    Canterra 18 $247,389 1 $289,000 19
    Castellano 2 $465,000 2 $374,000 1 $429,000 5
    Connect 1 $449,000 1
    Cordoba 1 $330,000 3 $264,071 1 $272,000 5
    Del Rio 2 $293,000 2 $289,500 4
    Dorado 3 $519,000 1 $557,000 1 $442,500 2 $491,750 7
    Embark 8 $270,313 2 $300,000 10
    Gathering 2 $530,000 2
    Granada 4 $232,125 4
    Haven 2 $539,000 1 $515,000 1 $370,000 4
    Hideaway 1 $270,000 1 $325,000 2
    Hospitality 2 $404,500 1 $470,000 5 $331,380 8
    Inspiration 5 $322,700 5
    La Paz 2 $550,000 3 $607,500 1 $440,000 1 $500,000 7
    Madera 4 $415,000 10 $311,450 14
    Mariposa 1 $318,000 1 $310,000 2
    Montoya 10 $257,600 1 $310,000 11
    Retreat 1 $482,000 1 $377,500 2
    San Benito 1 $428,000 1 $468,000 1 $415,000 17 $339,570 8 $383,363 28
    San Emilio 1 $445,000 1 $310,000 5 $305,900 7
    San Miguel 5 $442,900 2 $497,450 1 $324,700 2 $365,000 10
    San Olivia 1 $230,000 1
    San Rafael 5 $449,500 2 $493,750 1 $385,000 8
    San Ramon 1 $219,500 1
    San Sebastian 1 $320,000 2 $318,500 2 $341,500 5
    San Vicente 10 $251,060 1 $327,500 11
    San Ysidro 10 $256,240 10
    Santiago 1 $470,000 1
    Serrente 19 $275,126 2 $320,000 21
    Seville 2 $370,000 2
    Socialite 1 $569,900 1
    Sorrano 1 $460,000 4 $518,113 6 $383,583 1 $440,000 12
    Terraza 2 $492,000 1 $534,000 1 $465,000 4
    Grand Total 61 $466,296 3 $349,900 200 $311,090 264

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